Expected Updates for Budget 2024: As Budget 2024 approaches, expectations are building for major policy shifts and fiscal allocations across sectors. The real estate sector is looking forward to new tax cuts and infrastructure investments, while the finance sector is looking to subsidies for Mitra Bank. Environmental sustainability advocates are calling for significant funding for climate change measures, while the education sector is looking to strengthen teacher training and digital infrastructure. Tax experts are proposing increased personal allowances and simplification of GST, while the banking sector is eyeing privatisation and consumer tax cuts. Budget 2024 is expected to play a key role in sustaining the country's growth trajectory. As this is the first Union Budget after the Lok Sabha elections, it is expected that Sitharaman will introduce income tax relief measures, aiming to increase disposable income of both common citizens and the middle class. The Modi government is also likely to maintain its focus on capital expenditure, with a focus on infrastructure development, to boost GDP growth.
16 Jul 2024, 09:32 AM IST Budget 2024 Flash Report: Environment and ESG focus in the upcoming Union Budget
ESG Strategist and ISO Principal Auditor Ankita Sameer Patwa has called for significant funding for sustainability initiatives in the Union Budget. She urged the government to introduce policies that strengthen ESG practices and help small and medium-sized enterprises adopt sustainable technologies and practices.
16 Jul 2024, 09:32 AM IST Budget 2024 forecast live: Support to Mitras Bank/Business Correspondent in Budget 2024-25
Seema Prem, Co-founder and CEO, FIA Global, has advocated for measures to support Bank Mitras/Business Correspondents in the upcoming Budget. She has suggested setting up an Infrastructure Grant Fund and an India Business Correspondents Equity Fund to boost operational efficiency and financial sustainability.
16 Jul 2024, 09:32 AM IST Budget 2024: Tax incentives for real estate sector and expectations for infrastructure development
Heeralal Doshi, founder and chairman of Kinjal Group, expects major policy shifts in the real estate sector under the Modi 3.0 government. He emphasised the importance of tax incentives, infrastructure upgrades and a one-stop approval system to boost growth and efficiency in real estate construction.
16 Jul 2024, 07:58 AM IST Budget 2024 Live: Real estate sector forecast for Union Budget 2024-25
Kaushal Agarwal, chairman, Guardians Real Estate Advisory, and Heeralal Doshi, founder and chairman, Kinjal Group, are optimistic about possible policy shifts in the real estate sector. They expect infrastructure investments to continue under the Modi 3.0 government, but highlight the need for tax adjustments and incentives for homeowners and developers.